The Treasury Department has announced sanctions in connection with a massive Chinese hack of American telecommunications companies and a breach of its own computer network.

The Treasury Department’s Office of Foreign Assets Control (OFAC) announced on Friday that it had sanctioned a China-based cybersecurity company, known as Sichuan Juxinhe Network Technology, which it says is directly linked to the China-backed Salt Typhoon hacking group.

The U.S. Treasury Department is expected on Friday to say Sichuan Juxinhe Network Technology Co. was directly involved in the deep compromises of the telecommunications firms, whi

WASHINGTON (Reuters) - The U.S. Treasury Department on Friday imposed sanctions on alleged hacker Yin Kecheng and cybersecurity company Sichuan Juxinhe Network Technology Co., accusing both of being involved in a series of hacks against American telecom companies.

The Biden administration on Friday announced sanctions on two Chinese entities accused of cyberattacks, including a firm it said is directly involved in the recent espionage campaign against US telecommunications firms and a hacker behind the recent breach of Treasury Department computers.